IGR: How Skye Bank plans to assist states

Skye Bank Plc has expressed its readiness to assist states improve on their Internally Generated Revenue (IGR), plug leakages in revenue channels and stem the ghost workers syndrome through efficient payroll software expertise.

The bank, which  has led IGR mandate in no fewer than six Northern states in the last 12 months, handles several  revenue services for Ministries, Departments and Agencies of many states and that of the Federal Government.

The bank has mandate as the payroll bank for Kogi, Nasarawa and Katsina states, in addition to being re-appointed as lead collecting bank for Kogi, Kano, and Taraba states in  IGR and services.

In addition, the bank handles the Hajj Commission Collections accounts for several states in the North, as well as the Federation Account and Allocation Committee’s accounts of some states.

Also, the Lagos State Government directed all its Agencies, Ministries and parastatals to increase business relationship with the bank, just as Kogi re-appointed the financial institution as its lead collecting bank for the state’s IGRs.

The news of the re-appointment of Skye Bank was contained in a letter signed by the  state Accountant General, Alhaji Momoh Jibrin and addressed to the Group Managing Director and Chief Executive of the Bank, Tokunbo Abiru

The bank’s IGR and service mandates also cover states in the South South, Southwest, Northcentral and the Southeastern parts of the country.

The bank has helped and still helps several states raise their revenue profile as well as block leakages in their tax administration system.